Seeking Alpha

PendragonY

PendragonY
Send Message
View as an RSS Feed
View PendragonY's Comments BY TICKER:
Latest comments  |  Highest rated
  • Retirement Strategy: Look Ma, No Hands [View article]
    WSD,

    So you are now reduced to quoting Larry Swedroe? The guy who ran away because he was constantly debunked?
    May 28, 2015. 06:49 AM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    EM,

    "- I should have said "external" benchmark."

    That wasn't why you were wrong. Robert explained the benchmark he is using and it is appropriate to measure his progress towards his goal. You are wrong to insist that he must measure his progress towards some other goal.
    May 28, 2015. 06:43 AM | Likes Like |Link to Comment
  • National Retail Properties, Inc.: Don't Let Realty Income Steal The Spotlight From This 4% Yielder [View article]
    I invest for the income, so greater share price growth doesn't make for a better investment. And O has a better yield.
    May 27, 2015. 10:14 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: Is The Merger Actually Bad News For KMP Unitholders? [View article]
    "A massive transfer of wealth from the owners of KMP to the owners of KMI."

    Nope. Not true at all. There WAS a transfer of wealth from those who owned KMP to the US government, but that didn't go to KMI share holders.

    No one feels sorry for you. You made a huge profit on the shares, got distributions in excess of what you paid for the units. Too bad your poor record keeping and refusal to get competent accounting help and to take steps to mitigate the damage resulted in you paying a larger than required tax bill. But none of that is Rich Kinder's fault, its all on you.
    May 27, 2015. 10:01 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    "I love good coffee, and I like the Starbucks experience."

    I don't get it. So since I don't understand why the succeed, I don't invest in them. Because I don't understand why they are a success, I won't know when (or if) they will stop. Much like Apple (where I sold out when they introduced the iPod because I thought that consumer electronics was so much lower a margin business then they were used to).
    May 27, 2015. 09:29 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    "You guys must not be single."

    Not for more than 30 years. Been with the same woman since 1982.
    May 27, 2015. 09:24 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    EM,

    "Yes, it is a huge IF but if you do not track some benchmark, how do you know if you are beating it or not. "

    You clearly missed where Robert told you what benchmark he is comparing his results to.
    May 27, 2015. 09:03 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    RAS,

    "Ernie, I compare the current income of my portfolio to the amount I will need to retire on. The moment my portfolio income is enough to retire on, I will be able to retire. I have no need to compare my "results" to anything else."

    Exactly. You compare your results to a benchmark that is appropriate to your goals. Since you and I have income goals, we compare our results to an income benchmark.

    Why do some insist that no matter what your goal, you MUST compare to a TR benchmark? Do DGI investors insist that all investors no matter what their goals compare their results to an income benchmark?
    May 27, 2015. 09:01 PM | Likes Like |Link to Comment
  • Retirement Strategy: Look Ma, No Hands [View article]
    WSD,

    "You can learn what Buffett has to say about the topic of self-created dividends, or you can read DGI articles that tell you what you want to believe."

    Or you can look at what Buffett DOES, which is more like DGI than it is like TR investing.
    May 27, 2015. 08:52 PM | 2 Likes Like |Link to Comment
  • Retirement Strategy: Look Ma, No Hands [View article]
    RS,
    "You can pound the table all you want that the portfolio value has decreased by around 3%, but as for me, I cannot pay bills by percentages (up OR down) shown on paper."

    Exactly, your not selling the business so its irrelevant how much the market might offer you at this time. Its all about the income and THAT is going up.
    May 27, 2015. 08:51 PM | 1 Like Like |Link to Comment
  • How To Value The Kraft-Heinz Merger As A Dividend Growth Investor [View article]
    "3G will come in and fire thousands of people - news - they are good at initial cost cutting but are clueless on how to grow the business "

    But Buffett does know how to find people who CAN grow the business.
    May 27, 2015. 08:44 PM | Likes Like |Link to Comment
  • How To Value The Kraft-Heinz Merger As A Dividend Growth Investor [View article]
    "I don't think I will be reinvesting the $16.50 at the ex-price. I will probably wait for the dust to settle and either put those funds to work elsewhere or at a better price in the new Kraft Heinz after any potential sell off."

    That will buy me a third of a position, so that's exactly what I will do, open another position in a stock on my wait list.
    May 27, 2015. 08:43 PM | Likes Like |Link to Comment
  • How To Value The Kraft-Heinz Merger As A Dividend Growth Investor [View article]
    KMR hilder,

    "Buffett and 3G don't need the dividends, so they really have no reason to pay them."

    Actually that IS their business model. They buy companies that send them cash so they have cash to buy more companies that send them money.
    May 27, 2015. 08:42 PM | Likes Like |Link to Comment
  • Kinder Morgan: Is The Merger Actually Bad News For KMP Unitholders? [View article]
    " It happened because Mr. Kinder wanted to get stepped up basis for the assets he controls via KMI so he could start up the depreciation deductions all over again and avoid paying corporate income taxes for at least 14 years."

    That was only one of the advantages to the transaction. And it benefited most people who owned units/shares in the various Kinder entities, its why so many voted for it.
    May 27, 2015. 07:03 AM | Likes Like |Link to Comment
  • Kinder Morgan: Is The Merger Actually Bad News For KMP Unitholders? [View article]
    UP,

    "We had about 3500 units of KMP in a taxable account, owned for 15 years. The tax bill was about $115,000, which is equal to about 41% of the total value of our KMP holding at the time the tax torpedo was announced."

    If your tax rates are that high, good for you. You are hardly a poor person to have tax rates that high AND hold that much in a single security. And you got far more out of KMP than just the sale price of the units. And I notice you didn't tell people that part of you tax bill is due to your own error in not keeping all the K1s.
    May 27, 2015. 07:01 AM | Likes Like |Link to Comment
COMMENTS STATS
7,499 Comments
12,497 Likes